United Therapeutics CEO trusts sell 9,500 shares
The plan continues until the earlier of exercise of 1,734,410 stock options, all expiring March 15, 2027, or December 31, 2026.
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Rhea-AI Filing Summary
United Therapeutics (UTHR) Chairperson & CEO Martine A. Rothblatt reported that a family trust exercised 9,500 stock options for 9,500 common shares at an exercise price of $117.76 on October 22, 2026; family trusts sold 9,500 resulting shares that day. Reported per-share prices across the sale entries ranged from $562.9700 to $590.3970.
The exercise and sales were made under a pre-arranged Rule 10b5-1 trading plan adopted November 7, 2025. The reported post-transaction stock-option position was 176,410 options. Separate holdings entries list 40,513 directly held common shares and 166 shares held by her spouse.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1, F26, F27 | 9,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 9,500 | $117.76 | $1.12M |
| Sale | Common Stock F1, F3, F2 | 74 | $562.97 | $42K |
| Sale | Common Stock F1, F4, F2 | 110 | $563.9758 | $62K |
| Sale | Common Stock F1, F5, F2 | 160 | $565.0875 | $90K |
| Sale | Common Stock F1, F6, F2 | 160 | $570.0825 | $91K |
| Sale | Common Stock F1, F7, F2 | 160 | $571.765 | $91K |
| Sale | Common Stock F1, F2 | 40 | $573.39 | $23K |
| Sale | Common Stock F1, F8, F2 | 130 | $575.3178 | $75K |
| Sale | Common Stock F1, F9, F2 | 190 | $576.8018 | $110K |
| Sale | Common Stock F1, F10, F2 | 280 | $577.2829 | $162K |
| Sale | Common Stock F1, F11, F2 | 160 | $578.5926 | $93K |
| Sale | Common Stock F1, F12, F2 | 160 | $579.69 | $93K |
| Sale | Common Stock F1, F13, F2 | 360 | $581.0326 | $209K |
| Sale | Common Stock F1, F14, F2 | 400 | $581.832 | $233K |
| Sale | Common Stock F1, F15, F2 | 760 | $583.0893 | $443K |
| Sale | Common Stock F1, F16, F2 | 1,200 | $584.2138 | $701K |
| Sale | Common Stock F1, F17, F2 | 1,756 | $585.2412 | $1.03M |
| Sale | Common Stock F1, F18, F2 | 1,280 | $586.3061 | $750K |
| Sale | Common Stock F1, F19, F2 | 937 | $587.2402 | $550K |
| Sale | Common Stock F1, F20, F2 | 783 | $588.1882 | $461K |
| Sale | Common Stock F1, F21, F2 | 240 | $589.50 | $141K |
| Sale | Common Stock F1, F22, F2 | 160 | $590.397 | $94K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F23 | -- | -- | -- |
| holding | Common Stock F24 | -- | -- | -- |
| holding | Common Stock F25 | -- | -- | -- |
Footnotes (27)
- F1. This exercise of stock options and sale of the resulting shares of common stock was pursuant to a pre-arranged 10b5-1 trading plan adopted by the reporting person on November 7, 2025. This plan will continue until the earlier of: (a) the exercise of 1,734,410 stock options, all of which expire on March 15, 2027; or (b) December 31, 2026.
- F10. This transaction was executed in multiple trades at prices ranging from $577.19 to $577.45. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F11. This transaction was executed in multiple trades at prices ranging from $578.245 to $579.03. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F12. This transaction was executed in multiple trades at prices ranging from $579.34 to $580.19. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F13. This transaction was executed in multiple trades at prices ranging from $580.50 to $581.27. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F14. This transaction was executed in multiple trades at prices ranging from $581.52 to $582.33. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F15. This transaction was executed in multiple trades at prices ranging from $582.66 to $583.65. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F16. This transaction was executed in multiple trades at prices ranging from $583.67 to $584.66. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F17. This transaction was executed in multiple trades at prices ranging from $584.67 to $585.64. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F18. This transaction was executed in multiple trades at prices ranging from $585.76 to $586.73. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F19. This transaction was executed in multiple trades at prices ranging from $586.77 to $587.725. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2. Shares held in family trusts as to which the Reporting Person shares investment power and the Reporting Person and/or immediate family members are beneficiaries.
- F20. This transaction was executed in multiple trades at prices ranging from $587.79 to $588.62. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F21. This transaction was executed in multiple trades at prices ranging from $589.04 to $590.03. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F22. This transaction was executed in multiple trades at prices ranging from $590.09 to $590.79. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F23. Shares held in family trusts as to which the Reporting Person's spouse is sole trustee and sole beneficiary or co-trustee and settlor with power to revoke.
- F24. Shares held in family trusts as to which the Reporting Person's spouse shares investment power and the Reporting Person and/or immediate family members are beneficiaries.
- F25. Shares held in family trusts as to which the Reporting Person is sole trustee and sole beneficiary or co-trustee and settlor with power to revoke.
- F26. These stock options vested in equal one-third installments on March 15, 2021, 2022 and 2023.
- F27. Stock options held in a family trust as to which the Reporting Person shares investment power and the Reporting Person and immediate family members are beneficiaries.
- F3. This transaction was executed in multiple trades at prices ranging from $562.36 to $563.29. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4. This transaction was executed in multiple trades at prices ranging from $563.49 to $564.40. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5. This transaction was executed in multiple trades at prices ranging from $565.05 to $565.10. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F6. This transaction was executed in multiple trades at prices ranging from $570.02 to $570.20. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F7. This transaction was executed in multiple trades at prices ranging from $571.60 to $571.82. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F8. This transaction was executed in multiple trades at prices ranging from $575.11 to $576.07. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F9. This transaction was executed in multiple trades at prices ranging from $576.13 to $577.015. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Key Terms
pre-arranged 10b5-1 trading plan financial
weighted average price financial
exercise price financial
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